Here Is Why Do Kwon Is Against the LUNA Burn Event! Will LUNA Price Find A Recover Pace ?

Terra Researchers Express Their Outrage Against Do Kwon

TerraUSD (UST), an algorithmic stablecoin, saw a massive drop a week ago, where the token lost its $1 peg, along with Terraform Labs’ tokens LUNA and UST lost a total market value of $39.1 billion in a week.

Terra Labs Suggestion Implementation Gets Delayed

Terraform Labs proposed suggestion 1299 in order to free the UST locked on side chains. Terra validators stopped Inter Blockchain Communication (IBC) as a stop gap measure during the massive meltdown. The request was approved, however owing to technical difficulties, it was not implemented today.

🧵

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store